Orthopedic Medical Tourism Market Report (2023 to 2031) – Apollo Hospitals, Gleneagles Hospitals, Hospital CMQ and Star Medica Hospital

Growth Plus Reports

Newark, New Castle, USA, July 06, 2023 (GLOBE NEWSWIRE) -- The market analysis of the global orthopedic medical tourism market was conducted by Growth Plus Reports in 2022 and was valued at US$ 11 billion. The market is expected to hit a revenue CAGR of 7.5% to reach US$ 21.08 billion by 2031.

The global market for orthopedic medical tourism is experiencing significant growth as more individuals seek high-quality and cost-effective orthopedic treatments and procedures abroad. Orthopedic medical tourism combines the benefits of travel and healthcare, providing patients with access to world-class orthopedic specialists, state-of-the-art facilities, and a chance to recover in serene and desirable destinations. As the demand for orthopedic procedures continues to rise, the orthopedic medical tourism market is poised for substantial expansion.

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                             Orthopedic Medical Tourism Market Scope

Report Attribute	Details
Market Size Value in 2021	US$ 11 billion
Revenue Forecast in 2030	US$ 21.08 billion
CAGR	7.5%
Base Year for Estimation	2021
Forecast Period	2022-2030
Historical Year	2020
Segments Covered	Treatment Type, Service Provider, and Region
Regional Scope	North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

As the orthopedic medical tourism market continues to evolve, it offers a transformative approach to orthopedic healthcare, granting patients access to world-class treatments, cost savings, reduced waiting times, and a unique travel experience.

Key factors driving the growth of the orthopedic medical tourism market include:

Cost Savings and Affordability: One of the primary motivations for patients to opt for orthopedic medical tourism is the significant cost savings compared to their home countries. Patients may get high-quality orthopedic care for a lot less money overseas because of the accessibility of economic treatment alternatives and favorable currency rates.

Access to Highly Skilled Specialists: Orthopedic medical tourism provides patients access to renowned orthopedic surgeons and specialists across the globe. These experts often have extensive experience, advanced training, and a track record of successful procedures, giving patients confidence in the quality of care they will receive.

Reduced Waiting Times: Long waiting times for orthopedic procedures are a common challenge in many countries. In orthopedic medical tourism destinations, patients can often bypass lengthy waiting lists and receive timely treatments, enabling them to address their orthopedic issues without unnecessary delays.

Technological Advancements and State-of-the-Art Facilities: Leading orthopedic medical tourism destinations invest heavily in advanced medical technologies and state-of-the-art facilities. These destinations offer cutting-edge diagnostic tools, minimally invasive surgical techniques, and innovative rehabilitation programs, ensuring patients receive the best care.

Comprehensive Rehabilitation and Post-operative Care: Orthopedic medical tourism destinations prioritize comprehensive rehabilitation and post-operative care. They provide tailored rehabilitation programs, physiotherapy, and access to highly skilled healthcare professionals who guide patients through their recovery process, optimizing outcomes and ensuring long-term success.

Travel and Recuperation Experience: Orthopedic medical tourism combines healthcare with the opportunity to travel and recuperate in attractive destinations. Patients can enjoy the benefits of healing in serene environments, exploring new cultures, and engaging in rejuvenating activities, promoting holistic well-being throughout their recovery journey.

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Enhanced Medical Infrastructure and Standards: Orthopedic medical tourism destinations invest in developing robust medical infrastructure and adhering to internationally recognized healthcare standards. Accredited hospitals and clinics ensure patient safety, maintain stringent quality controls, and comply with rigorous medical regulations, instilling patient trust and confidence.

Market Players:

• Jehova Rafa Dental Center

• Clínica Cosmética Dental CosDent

• Hospital CMQ

• Star Medica Hospital

• Angeles Group Hospital

The orthopedic medical tourism market is highly competitive, with destinations worldwide vying to attract patients seeking orthopedic treatments. Leading medical tourism hubs actively market their expertise, infrastructure, and favorable travel opportunities to position themselves as preferred destinations for orthopedic care.

Table of Content

1. INTRODUCTION

   1. Market Ecosystem

   2. Timeline Under Consideration

      1. Historical Years – 2021

      2. Base Year – 2022

      3. Forecast Years – 2023 to 2031

   3. Currency Used in the Report

2. RESEARCH METHODOLOGY 

   1. Research Approach

   2. Data Collection Methodology

   3. Data Sources

      1. Secondary Sources

      2. Primary Sources

   4. Market Estimation Approach

      1. Bottom Up

      2. Top Down

   5. Market Forecasting Model

   6. Limitations and Assumptions

3. PREMIUM INSIGHTS

   1. Current Market Trends (COVID-19 Perspective)

   2. Key Players & Competitive Positioning (2022)

   3. Reimbursement Scenarios

4. MARKET DYNAMICS

   1. Drivers

   2. Restraints/Challenges

   3. Opportunities

5. GLOBAL ORTHOPEDIC MEDICAL TOURISM MARKET - ANALYSIS & FORECAST, BY TREATMENT TYPE 

   1. Hip Replacement

   2. Knee Replacement

   3. Spinal Surgery

   4. Dental Orthopedics

   5. Others

6. GLOBAL ORTHOPEDIC MEDICAL TOURISM MARKET - ANALYSIS & FORECAST, BY SERVICE PROVIDER

   1. Public

   2. Private

ORTHOPEDIC MEDICAL TOURISM MARKET TOC

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VALUE PROPOSITIONS RELATED TO THE REPORT:

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• Comprehensive quantitative and qualitative insights at segment and sub-segment level

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• Granular insights at global/regional/country level

• Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment

• Blanket coverage on competitive landscape

• Winning imperatives

• Exhaustive coverage on 'Strategic Developments' registered by leading players of the market.

CUSTOMIZATION OPTIONS:

• Distributor Landscape Assessment

• Pricing Intelligence

• Customer Base Assessment

• Investment & Initiatives Analysis

• 'Business Profile' of Key Players

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